Halifax mortgage range is to be restricted.
If you are looking for a Halifax mortgage your options may now be more limited than they were just a few short weeks ago.
A number of lenders are reducing their available loan to value limits, along with other restrictions that limit the range of products available unless you have a large deposit.
Lenders are effectively making changes that make it more difficult to qualify for a deal.
For example, if you are looking for a two year fixed rate Halifax Mortgage, it has been reported that the lender is limiting the availability for remortgaging in certain circumstances. At Deal Direct we have access to the entire mortgage market and can therefore source you a competitive remortgage through another lender.
Deal Direct are not restricted to dealing with just a handful of mortgage lenders and so can source competitive products from the whole market.
Since the credit crunch many lenders have raised their standard variable rates as well as interest rates on some product ranges. Many are now making their lending criteria increasingly strict, including requirements for current financial details. This further limits the number of people who have access to the best deals.
In addition to these restrictions it has been reported that the Bank of England suggests that current events in the eurozone could lead mortgage rates rising further.
If you currently have a Halifax mortgage or are looking at the comparing alternative products on offer call us at Deal Direct.
We can make a comparison of a wide range of lenders products to get you the best deal available to save you money.
